Prominent Shop & Basement - Long-lease for Sale, Kensington, W8
144 Kensington Church Street, Kensington, London W8
Situation & Location
The property is situated on the eastern side of Kensington Church Street, close to the junction with Berkeley Gardens. It thus lies in the heart of one of London's most affluent areas and principal locations for the antiques trade. Other businesses located nearby include Sally Clarke's restaurant and bakery, John D Wood, Winkworth, the Kensington Wine Rooms and the Churchill Arms, as well as numerous leading antique dealers. View location map.
Description & Accommodation
The property comprises a self contained ground floor and basement retail unit providing the following approximate floor areas:-
| Ground floor sales | 312 sq ft | 29 sq m |
| Basement Sales/Storage | 244 sq ft | 22.7 sq m |
| Total | 556 sq ft | 51.7 sq m |
NB The unit is not currently self contained however works are planned by the vendor to separate the ground floor retail unit from the common parts and provided exclusive access from the ground floor to the basement; consideration will be given to offers conditional upon these works being completed or as existing.
Please see attached floor plans.
Terms
A new long lease with a term of 125 years from 1990 at a peppercorn ground rent is available at a premium of £495,000.
Energy Performance Certificate
An E.P.C. has been prepared for the entire property and a copy is available on request: Energy Performance Asset Rating 127 (Band F).
Business Rates
The local authority has verbally informed us that the rateable value for the premises is £18,250 and the rates payable for the current year ending31/03/14 are £8,595 . Please note that this assessment does not include the basement which has not been in use. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.
VAT
Will not apply.
Possession
Immediate upon completion of legal formalities.
Contact
Jeremy Barnard or Alan Bateman
Tel: 020 7938 3990
Fax: 020 7937 3764
Email: jb@jmwbarnard.com
Email: ab@jmwbarnard.com
Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.
